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Investors & landlords
Thank. If I allocate an amount to each item, do i deduct that amount from the sales price?
example
sold rental for 100,000
had two capital Improvements
Roof - 10,0000 in 2015 - value 7,500
Furnace 6,000 in 2017 - value 2,000
Would I change the house to 90,500 (100k - minus the value of improvements)
Along with selling prices for 7,500 and 2,000 for the capital improvements?
Thanks
‎December 25, 2020
4:27 AM